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Mortgage Meltdown

The current mortgage meltdown across the country is occurring because of the many sub-prime new home loans that were offered by mortgage companies just a few years ago. These companies offered new home loans to homebuyers with bad credit by lending more than a property was worth. This allowed homeowners to buy with very low rates for a year or two and often with no money down. The lowest mortgage rates only lasted a short time, though, and when the rates were adjusted homeowners could no longer afford payments and could not refinance or get debt consolidation thanks to no equity. Foreclosures skyrocketed and some mortgage lenders went out of business, destabilizing the country’s economy.

If you are in this sort of situation or just need new home loans, we can help. The right lender can help you buy a home even in today’s economy and can help you save your home if you need to refinance to afford mortgage payments. Fill out our simple form for free and we can help you find qualified lenders in your area who can offer the lowest mortgage rates and good terms. There is no cost and no obligation to you to apply, so why not find the rates you want on home equity loans, debt consolidation loans, and new home loans?


 

 




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